Archive for January 24th, 2012
Boating Accident: Police Name Victims
[Updated] The police identified the two brothers who tragically lost their lives after a boating accident this morning [Jan.24] as 59-year-old Clifton “Kiki” Williams [also known as Mustafa Abdul Hadee] and 58-year-old Mikal “Snags” Williams. A police spokesperson said, “The Bermuda Police Service can now confirm the deaths... Read more of this article
Video: David Cash Rings NYSE Closing Bell
Bermudian CEO David Cash yesterday [Jan.23] rang the closing bell at the New York Stock Exchange [NYSE], to celebrate his company’s 10th anniversary. Mr Cash was joined by members of Bermuda-based Endurance Specialty Holdings Ltd. board and management team in closing the market at the NYSE yesterday. Endurance launched operations in December... Read more of this article
Police Arrest Suspect After Chase
At approximately 11am yesterday morning [Jan.23] police were alerted to four men wearing black clothing acting suspiciously around homes in the Devonshire area, and after chasing the suspects arrested a 17-year-old male in possession of suspected stolen property. Multiple police vehicles were seen driving through the Friswells Hill, Frog Lane, Border... Read more of this article
SeaCo Announces Dividend Payment
Bermuda-registered SeaCo Ltd. today [Jan.24] announced that the payment date for the previously announced First Liquidating Distribution of $0.65 per common share will be January 27, 2012. The First Liquidating Distribution will be made to its shareholders of record as of the close of business on January 19, 2012. SeaCo Ltd. is a shipping container... Read more of this article
Island Takes The Cake With Special Cruise
Bermuda takes the cake as far as American and Canadian cupcake aficionados are concerned, with a special cruise to the island by professional and amateur bakers — as well as those who just enjoy the snacks — planned for this summer. Being held aboard Celebrity Cruise’s “Celebrity Summit” from August 19-26, “The Cupcake... Read more of this article
Shaki Crockwell Murder Trial Underway
[Updated] The Supreme Court trial of 36-year-old Derek Spalding is now underway, with the jury hearing this morning [Jan.24] that the defendant allegedly shot the victim as he owed him money gained from the sale of illegal drugs. 25-year-old footballer Shaki Crockwell — a national level football player and captain of the Boulevard Blazers —... Read more of this article
Law Firm: Stock Market Consolidation
The ongoing battle for control of TMX Group Inc. — which itself recently bought a 16 percent stake in the Bermuda Stock Exchange [BSX] — is indicative of a global wave of consolidation in the stock exchange sector, says one of Canada’s preeminent business law firms.. An aborted merger between Canada’s TMX and the London Stock... Read more of this article
UK Pledges Support For Caribbean
The British Government will not turn its back on the Caribbean, said UK Foreign Secretary William Hague as he addressed the opening ceremony of the Seventh Biennial UK-Caribbean Forum in Grenada on Friday night. In a brief speech, Foreign Secretary Hague told an audience of Prime Ministers, Chief Ministers, Foreign Ministers, High Commissioners and... Read more of this article
Teen Fined $500: Using Phone While Riding
In Magistrates Court this morning [Jan.24], 18-year-old Elijah Dublin was one of the first people to appear in Court under the guidelines of the new legislation. He pleaded guilty to riding whilst using a hand-held device, which resulted in a $500 fine being levied by Senior Magistrate Archie Warner. The evidence read out to the Magistrate was that... Read more of this article
‘A Lot Of Interest’ In Seadrill Brazil IPO
Bermuda’s Seadrill Ltd., the oil-rig operator controlled by international shipping magnate John Fredriksen, expects a “lot of interest” in the initial share offering in its Brazilian unit, the chief financial officer told the Bloomberg financial news network today [Jan.24]. “Brazil is a drilling heartland market and Seadrill wants to grow... Read more of this article
Analysts Reaffirm Everest Re Rating
Stock in Bermuda-headquartered Everest Re Group had its “neutral” rating reiterated by Zacks Investment Research in a research note. Zacks’ analysts wrote, “We are reiterating our Neutral recommendation on the shares of Everest Re prior to the of fourth quarter earnings release scheduled on February 8, 2012. “The company has suffered... Read more of this article
BIFF To Screen “House of Pleasures”
Bermuda International Film Festival [BIFF] will host a screening of “House of Pleasures” on January 29 at 7pm as part of its monthly film series, BIFFlixs. The film will be shown in the Tradewinds Auditorium at Bermuda Underwater Exploration Institute [BUEI] on Crow Lane in Hamilton. The film was selected to offer a taster of the type of... Read more of this article
